176.97 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||172.01 - 178.59|
|52 Week Range||135.51 - 198.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||213.07|
Sep.24 -- Bloomberg Intelligence's Jitendra Waral discusses Sirius XM Holdings Inc.'s $3.5 billion deal to acquire Pandora Media Inc. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
Satellite radio firm Sirius XM will buy music streaming service Pandora in a $3.5 billion all-stock deal to better compete with Spotify and Apple Music. Fred Katayama reports.
What would your music selection sound like if it reflected every last bit of your genealogy? Ancestry can tell you... if you're willing to shed some control. The company has partnered with Spotify to offer custom playlists based on your genetic heritage.
Sirius XM’s $3.5bn deal to buy online radio trailblazer Pandora Media will be music to the ears of John Malone. The media boss seems keen to roll up American radio services. Earlier this year, his Liberty ...
Sirius XM Holdings Inc. is so eager to reach listeners outside the car that it’s stepping into the ring with some of the world’s largest technology companies. Sirius, controlled by cable TV billionaire John Malone, announced an all-stock deal to buy Pandora Media Inc. on Monday, uniting the largest satellite radio service in the U.S. with the largest online radio company. Sirius was already a minority shareholder in Pandora, which it tried to acquire at least twice before.
Stern turns 65 in January and will see his contract expire in less than two years -- and Sirius could see a big drop-off in subscribers if he calls it quits. The survey also found that these listeners were "highly engaged" subscribers, and about half of them -- several million -- would consider canceling if Stern left. Facing that prospect, Sirius -- which already owns 15% of Pandora -- might have decided that owning the company outright could engage Millennials who stream music, potentially countering the eventual loss of Stern fans and SIRI's current reliance on car-based listeners.
Premium broadcasting giant Sirius XM (NASDAQ:SIRI) has finally agreed to acquire streaming giant Pandora (NYSE:P) in an all-stock deal that values Pandora at $3.5 billion. Pandora stock is up slightly on the news, while SIRI stock is down big. This deal ends a year of rumors and speculation that Sirius would acquire Pandora. Last year, Sirius invested $480 million to acquire nearly 20% of Pandora.
Sirius XM Holdings Inc. ( SIRI) has agreed to buy on-demand music streaming industry pioneer Pandora Media Inc. ( P) for $3.5 billion in an all-share deal, reflecting a strategic move for the entertainment companies to consolidate and hedge against new competition within an evolving media landscape. In 2017, Sirius XM invested $480 million in Pandora for a 19% stake in the music streaming platform, leading to speculation that Pandora could join Sirius' portfolio as its first full-on streaming service.
could be a potent one in what is becoming a crowded music streaming market. The long impending merger between Pandora and Sirius finally became an official agreement on Monday Sept. 24, with Sirius valuing Pandora at $3.5 billion. Pandora is near the top in user share in music streaming, and clearly Sirius, whose stock has done well in recent years, up 68% in the past three years, wants in on the digital play.
If this feature works out, it will allow Spotify to bypass music labels. There are only a handful of music labels around the world, which means that Spotify doesn’t have that much bargaining power. Spotify has had to cede some of its stakes to big labels like Sony (SNE) and Warner Music to acquire licenses.
Auto Trader, a digital automotive platform based in the United Kingdom, imagined what electric cars of the future would look like if world-renowned lifestyle and tech brands designed them. Check out its designs for Amazon, Spotify and Ikea.
Electric vehicles (EVs) are on the rise. Last year, global sales passed 1 million new cars sold, the first time ever, according to a report by McKinsey & Company, an automotive and assembly company. More car companies are designing electric vehicles, like Jaguar's first electric SUV debuted in March, and Mercedes launching an all-electric vehicle to challenge Tesla.
Tencent (TCEHY) has quietly filed to take its music unit to the United States, according to Reuters. Tencent Music Entertainment (or TME) Group, as the unit is known, may raise ~$2.0 billion through its IPO, according to the report. TME had been expected to seek anywhere between $3.0 billion and $4.0 billion through its IPO.